IMO, "Worst case": Another xx/yy funding arrangement to undertake a further study i.e. a JV for a study. You're right, this one has the exact same wording from the last trading halt announcement - which led to the 50/50 with MidMetal of what became the Technical Engineering Study. It'll still be good news due to it being another milestone required for production to be ticked off, and what's better, some Company is coming along (or continuing) to invest in the MGU journey. I wouldn't think it will put a skyrocket under the SP however....?
IMO, "Best case": Anything that doesn't fall into the "worst case" scenario above.
Ann: Trading Halt, page-13
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